Internal Audit at Bayer AG

Bayer AG is a German multinational chemical and pharmaceutical company with core competencies in healthcare, agriculture and high-tech polymer materials. Bayer AG operates as a strategic management holding company that defines the values, goals and strategies of the entire corporation, including its three primary businesses: Bayer HealthCare, Bayer CropScience and Bayer MaterialScience.

In this profile, Dr. Rainer Schwarz, Head of Corporate Auditing, discusses his mission of becoming able to identify and fix problems before they materialize. Schwarz believes that in order to be positioned to know what might go wrong in the organization before it actually happens, the internal audit function needs to strengthen partnerships throughout the organization.